Alabama Housing Finance Authority Step Up Program

Acerca de Este Programa

Down payment and closing cost assistance for first-time homebuyers in Alabama. Provides up to $7,500 in assistance as a forgivable second mortgage when paired with an AHFA first mortgage. Loan is forgiven after 10 years of occupancy.

Forgivable loan for down payment and closing costs, no repayment after 10 years

Detalles Clave

• Up to $7,500 down payment and closing cost assistance
• Forgivable second mortgage, forgiven after 10 years
• Must be first-time homebuyer (3-year lookback)
• Income up to 115% AMI eligible
• Must obtain AHFA first mortgage loan

Como Solicitar

Un contratista con experiencia en subvenciones en Dothan, AL puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Available until program funds depleted